Ritchie Brothers

Discussion in 'Ask An Owner Operator' started by 77fib77, May 1, 2015.

  1. 77fib77

    77fib77 Road Train Member

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    St Louis
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    Can you investigate the trucks that are being auctioned?

    Can you start them?

    Can you drive them?
     
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  3. passingthru69

    passingthru69 Road Train Member

    From my understanding you can look at them.
    No road test allowed to my understanding
    No starting either if I remember correctly
     
  4. haulhand

    haulhand Road Train Member

    Yes you can start them the most you can test drive tho is a few feet forward and back. I've bought and sold lots of trucks at Ritchie Bros. and I've only ever been burned once. I bought a winch truck and lost the motor 2 weeks later but that's the risk you take buying at auction. To tell you how much I buy with them my online bidding limit is set at 5 million although I've never spent that much at once yet.

    Go to the auction a day in advance so that you have enough time to really look over the equipment, take a pad and pen and make yourself really good notes so that when its on the ramp you can remember the good and bad, lastly pick a number that you are comfortable spending and stop when the bidding exceeds it even if that means not bidding. I can't tell you how much iron I've watched sell way above market because someone was excited about bidding in an auction.
     
  5. FLATBED

    FLATBED Road Train Member

    All of them are SOLD on a AS IS / WHERE IS BASIS
     
  6. 77fib77

    77fib77 Road Train Member

    8,543
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    Jul 7, 2010
    St Louis
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    If you could spend 40 or 50 minutes on the truck. It would less of a gamble for sure.
     
  7. Klleetrucking

    Klleetrucking Medium Load Member

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    Dec 11, 2010
    S.C.
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    Just a curious question about R/B auctions. Years ago I went to their auction in Orlando. If you had a bidders card you could attend the Hospitality Event.
    At the Hilton no less.
    Do they still do this? Glad I had room if you know what I mean.
     
  8. Lepton1

    Lepton1 Road Train Member

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    If it's a multi-day auction the best deals are on the last day. Figure out the lot number and ask them how long the auction will run. The folks with"auctionitis" burned through their money during the first day or two. The practical bidders are left on the last day.
     
  9. FLATBED

    FLATBED Road Train Member

    Usually its just junk left on the last days of an auction they catagorize the fast moving items for the start of the sale , last 3 day RICHIE BROTHERS auction I went to all that was left on the last days was 2 wheel utilty trailers old tires , rims and old shop items,used containers , hiway trucks / trailers went on first 2 days
     
    Lepton1 Thanks this.
  10. BASARAB

    BASARAB Light Load Member

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    Sep 4, 2014
    Warren, mi
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    In my experience people just put their junk there for sale. Good buys are fleet buys. Like Walmart often sells their trucks and you can pick a good one out of 20
     
  11. zinita17601

    zinita17601 Road Train Member

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    Aug 19, 2010
    lancaster pa
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    Not necessarly true,i've seen brand new equipment being sold at RB
     
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